Wall Street's Great Rotation Ushers Out Tech in Favor of New Sectors
Fed Rate Cut in September Likely, But Data Development Is Key
After Jerome Powell Hinted That Rate Cut Is Round The Corner, Investors Caution Soft Landing 'Risks Are Two-Sided'
A Summer Storm Is Brewing in the Market. When It Might Blow Through
Gf sec: How to interpret the July FOMC statement and Powell's remarks.
Powell believes that the timing and rhythm of the interest rate cut will still follow the "data-dependent" rule, but makes it clear that the Fed's monetary policy decisions are independent of election results.
In July, there was a big reversal in the US stock market, with bank stocks rising by 10%, achieving the best monthly performance of the year.
After experiencing a year of industry uncertainty, US bank stock has skyrocketed recently.
